HighTower Advisors LLC Sells 3,372 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• HighTower Advisors LLC has reduced its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 33% to 6,851 shares, valued at approximately $1.94 million.
• Zebra Technologies reported earnings per share of $3.61 for the recent quarter, surpassing analysts' estimates of $3.31, along with a 6.2% increase in revenue year-over-year.
• The company has initiated a $250 million share buyback program, indicating the board's belief that the stock is undervalued.

HighTower Advisors LLC lessened its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 33.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,851 shares of the industrial products company's stock after selling 3,372 shares during the period. HighTower Advisors LLC's holdings in Zebra Technologies were worth $1,936,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ZBRA. Brown Advisory Inc. lifted its stake in shares of Zebra Technologies by 8.7% during the first quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock valued at $495,000 after acquiring an additional 140 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Zebra Technologies by 33.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after acquiring an additional 1,964 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Zebra Technologies by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock valued at $460,000 after acquiring an additional 72 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Zebra Technologies by 1.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after acquiring an additional 66 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Zebra Technologies by 6.3% during the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after acquiring an additional 1,267 shares during the period. Institutional investors own 91.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ZBRA shares. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Truist Financial upped their price target on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Needham & Company LLC upped their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Barclays set a $301.00 target price on Zebra Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Finally, BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Trading Down 1.3%

NASDAQ:ZBRA traded down $4.11 during mid-day trading on Friday, hitting $317.89. The company had a trading volume of 23,253 shares, compared to its average volume of 585,754. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The business's fifty day moving average is $320.78 and its two-hundred day moving average is $293.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The firm has a market cap of $16.16 billion, a P/E ratio of 29.99 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $3.18 earnings per share. The company's quarterly revenue was up 6.2% on a year-over-year basis. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. As a group, research analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its Board of Directors has initiated a stock repurchase program on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.